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Stock Market & Financial Investment News

News Breaks
February 7, 2014
05:31 EDTLB, GPS, COSTMany retailers feel January's cold, WSJ reports
Winter storms in January affected many retailers nationwide in a month when many stores look to clear out inventory after the holiday shopping season, reports the Wall Street Journal. Some companies, like Gap (GPS), L Brands (LB) and Costco (COST), were able to overcome that trend.Reference Link
News For GPS;LB;COST From The Last 14 Days
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May 21, 2015
16:01 EDTGPSGap reports Q1 EPS 56c, consensus 56c
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15:01 EDTGPSNotable companies reporting after market close
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11:02 EDTLBL Brands can 'beat and raise' in remaining FY15 quarters, says Sterne Agee CRT
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07:23 EDTLBL Brands remains 'best in class' global growth story, says UBS
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May 20, 2015
16:11 EDTLBL Brands down 1% after reporting Q1 earnings, raising FY15 outlook
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16:11 EDTLBL Brands sees Q2 EPS 60c-65c, consensus 69c
16:10 EDTLBL Brands raises FY15 adjusted EPS view to $3.50-$3.70 from $3.45-$3.65
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16:09 EDTLBL Brands reports Q1 adjusted EPS 61c, consensus 60c
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15:00 EDTLBNotable companies reporting after market close
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May 18, 2015
07:46 EDTCOSTAmerican Express has $850M revenue opportunity with Plenti, says Deutsche Bank
Deutsche Bank estimates the coalition loyalty/rewards program Plenti represents a $750M-$850M annual revenue opportunity for American Express (AXP) over the next 3-5 years. Earnings accretion will take time, but returns on equity are likely "very high," Deutsche says in a research note. The firm believes Plenti is an example of how Amex is leveraging its strengths to mitigate the loss of Costco (COST). It thinks Plenti's next program supplier needs to be a grocery chain, and pegs Whole Foods (WFM) as a good candidate. Deutsche keeps a Buy rating on American Express with a $90 price target.
May 15, 2015
08:20 EDTLBL Brands volatility flat into Q1 and outlook
L Brands June call option implied volatility is at 21, August is at 23; compared to its 90-day average of 22, suggesting non-directional price movement into the expected release of Q1 results on May 21.
May 14, 2015
08:55 EDTCOSTBaird says any near-term weakness in Costco a buying opportunity
Baird trimmed its estimates ahead of Costco's Q3 results, but recommended investors use any near-term weakness as a buying opportunity. The firm believes Street sales estimates look aggressive and as a results would not be surprised if the company's streak of three consecutive earnings beats does not continue. However, Baird reiterated its Outperform rating and $165 price target on Costco shares.
May 12, 2015
10:01 EDTGPSOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AG Mortgage (MITT) downgraded to Market Perform from Outperform at Keefe Bruyette... Brookfield Renewable (BEP) downgraded to Underperform from Neutral at Credit Suisse... Emera (EMRAF) downgraded to Equal Weight from Overweight at Barclays... Fibria Celulose (FBR) downgraded to Neutral from Buy at Citigroup... First Marblehead (FMD) downgraded to Neutral from Buy at Compass Point... First Security (FSGI) downgraded to Market Perform from Outperform at Raymond James... Gap (GPS) downgraded to Market Perform from Outperform at FBR Capital... Intelsat (I) downgraded to Underweight from Equal Weight at Morgan Stanley... LivePerson (LPSN) downgraded to Neutral from Outperform at Credit Suisse... MercadoLibre (MELI) downgraded on valuation, difficult comps at Stifel... Midway Gold (MDW) downgraded to Underperform from Outperform at RBC Capital... Numerex (NMRX) downgraded to Market Perform from Outperform at Northland... Portland General Electric (POR) downgraded to Neutral from Overweight at JPMorgan... Rackspace (RAX) downgraded to Outperform from Buy at CLSA... Rosetta Resources (ROSE) downgraded to Sector Weight from Overweight at KeyBanc... SouFun (SFUN) downgraded to Hold from Buy at Deutsche Bank... Verizon (VZ) downgraded to Underperform from Neutral at Macquarie.
08:27 EDTCOSTU.S. Chamber of Commerce to hold a summit
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06:24 EDTGPSGap downgraded to Market Perform from Outperform at FBR Capital
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May 11, 2015
17:55 EDTGPSGap price target lowered to $44 from $47 at Cantor
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16:06 EDTGPSGap down 1.2% after reporting April, Q1 same-store sales
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16:05 EDTGPSGap sees Q1 EPS 55c-56c, consensus 55c
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16:04 EDTGPSGap reports Q1 SSS down 4%
Gap reported Q1 net sales decreased 3% to $3.66B, compared with $3.77B for the first quarter last year. The translation of net sales in foreign currencies into U.S. dollars negatively impacted the company’s reported sales for Q1 by about $90M, primarily due to the weakening Japanese yen and Canadian dollar. On a constant currency basis, net sales for the first quarter of fiscal year 2015 decreased 1% compared with last year. Gap Inc.’s comparable sales for Q1 were down 4%, versus negative 1% last year. Comparable sales by global brand for the first quarter were as follows: Gap Global: negative 10%; Banana Republic Global: negative 8%; Old Navy Global: positive 3%.
16:02 EDTGPSGap reports April SSS down 12%
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